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- Easy Trade Manager Expert in MT5 Download - Free - [TradingFinder]
Easy Trade Manager Expert in MT5 Download - Free - [TradingFinder]
The Easy Trade Manager Expert is a risk and position management trading tool in MetaTrader 5. ThisTradingFinder specialized product provides a user friendly panel to set Stop Loss and Take Profit levels in several simple ways.
The management panel consists of settings, chart theme change, andRisk to Reward ratio calculation [based on user input].
Specifications Table of Easy Trade Manager Expert
The table below includes the specifications and features of the Easy Trade Manager Expert for MT5:
Category | Trading Tool - Capital Management - Risk Management |
Platform | MetaTrader 5 |
Skill Level | Beginner |
Type of Trading Tool | Risk and Capital Management |
Time Frame | Multi Time Frame |
Trading Style | Scalping - Intraday - Medium term - Long term |
Market | Forex - Stocks - Commodities |
Easy Trade Manager Expert at a Glance
The Easy Trade Manager expert uses various methods to set Stop Loss and Take Profit levels and calculate the risk-reward ratio.
You can create a position by entering the desired values at the current price, and the Easy Trade Manager Expert will set the corresponding Take Profit and Stop Loss levels.
Another method of creating a position is the "Buy P & Sell P" mode, where the position can be created as Pending on the chart.
Buy Trades
Based on the USD/CAD currency pair chart in the 1-hour timeframe, the buy position was created at 1.43480. In this position, the trade volume is 0.01 lots, and the Risk-to-Reward ratio is set to 2.
After creating the position, the Easy Trade Manager Expert displays the Take Profit and Stop Loss levels on the chart based on the entered values.
The "B" option makes the position "Risk-Free," and the "Partial Close" option closes 50% of the active trade.
Sell Trades
The AUD/USD currency pair chart in the 30-minute timeframe shows a risk-reward ratio of 2 and a trade volume of 0.01 lots.
The Easy Trade Manager Expert creates the sell position using the entered values and displays the Take Profit (TP) and Stop Loss (SL) levels on the price chart.
The "B" and "P" options represent "Risk-Free" and closing 50% of the active position, respectively.
Easy Trade Manager Expert Settings
The image below contains the settings and main panel details for the Easy Trade Manager Expert:
Settings
- One Click Trading: Executes trades with one click
- Having Take Profit: Activates the Take Profit option
- Having Stop Loss: Activates the Stop Loss option
- Virtual TP & SL: Sets virtual Take Profit and Stop Loss
- Partial Close: Activates the "P" option to close 50% of the trade
- Show all TP & SL: Displays all Take Profit and Stop Loss levels
- Show Boxes: Displays a colored box for Take Profit and Stop Loss levels
Panel
- Theme: Change the chart theme by clicking the moon icon
- Buy and Sell: Creating buy and sell positions at the current price
- Buy p and Sell p: Creating buy and sell positions as Pending
- RR Ratio: Sets the Risk to Reward ratio
- SL type: Sets the type of Stop Loss calculation, such as pip, percentage, or dollar
- B All: "Risk-Free" option
- C All: Closes all positions
- C Last: Closes the last positions
- Time to the next bar: Displays time remaining until the current candle closes
Conclusion
The Easy Trade Manager Expert is designed for position management and risk control in MetaTrader 5. This Trading Assist activates a trade position and sets the Take Profit and Stop Loss levels on the chart based on the entered values.
The main panel of this tool provides several methods for setting Take Profit and Stop Loss levels. Additionally, the graphic settings and automatic position creation facilitate trade management.
Is this expert suitable for beginner traders?
Yes, its simple and customizable user interface makes it ideal for them.
How can Take Profit and Stop Loss be set?
Various methods can be used to enter these values through the expert's settings panel.